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16 Nov 2009 15:30
DiamondCorp Plc
JSE share code: DMC & AIM share code: DCP
ISIN: GB00B183ZC46
(Incorporated in England and Wales)
(Registration number 05400982)
(SA company registration number 2007/031444/10)
("DiamondCorp" or "the Company")
ISSUE OF SHARES
DiamondCorp, the South African diamond mining and exploration company, announces that in accordance with the general authority approved by shareholders at the annual general meeting held on 6 May 2009, the Company has issued 145,000 fully paid ordinary shares ('new shares') of 3p par value to Wills & Co. Registrars Limited in satisfaction of investor relations services for the 12 months to 13 November 2010.
The new shares represent 0.30% of the Company's issued share capital and will rank pari passu with all existing shares.
The Company has applied for the new shares to be listed on the JSE Limited ('JSE') and the AIM Market of the London Stock Exchange ('AIM'). The admission of the shares to trading on AIM is expected on 20 November 2009.
The shares have been issued at 13.8 pence per share (the equivalent of R1.72 per share) at the prevailing exchange rate of 12.45R to new a "public" shareholder within the meaning of paragraphs 4.25 and 4.26 of the Listings Requirements of the JSE.
Financial effects
The issue of the shares will have no impact on basic loss per share, headline loss per share or tangible net asset value per share.
16 November 2009London
Sponsor:
Investec Bank Limited
For further information, please contact:
Paul Loudon
DiamondCorp plc
+44 20 7256 2651
Joe Nally/Liz Bowman
Cenkos Securities plc
+44 20 7397 8900
Robert Smith/Tanis Crosby
Investec Bank Limited
+27 11 286 7662
Charmane Russell
Russell & Associates
+27 11 880 3924
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